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Immunic, Inc. (IMUX)

Health Care · Clinical-stage immunology and neurology therapeutics · Nasdaq

Immunic is a late-stage biotech developing oral small-molecule therapies for multiple sclerosis and gastrointestinal diseases with Phase 3 data expected in 2026.

What Immunic, Inc. does

Immunic, Inc. is a late-stage biotechnology company developing oral small-molecule therapies for neurologic and gastrointestinal diseases. The company's lead candidate, vidofludimus calcium (IMU-838), is in Phase 3 clinical development for relapsing multiple sclerosis, while IMU-856 targets intestinal barrier function restoration for conditions like celiac disease and inflammatory bowel disease, and IMU-381 represents next-generation molecules in preclinical testing on the Nurr1 platform.

Themes: ["multiple sclerosis / MS neuroinflammation","oral small-molecule therapeutics","inflammatory bowel disease / IBD","neuroprotection","intestinal barrier restoration","autoimmune diseases"]

Fundamentals

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Key risks (from latest filing)

["Phase 3 ENSURE trial results for vidofludimus calcium in relapsing multiple sclerosis expected by end of 2026; failure to meet efficacy endpoints or safety concerns could significantly impact clinical development and regulatory approval prospects","Company is pre-revenue and dependent on capital raising to fund ongoing clinical trials; cash runway and future financing needs pose liquidity risk","Competitive landscape includes established MS therapies and other novel approaches; differentiation based on mechanism of action and safety profile may not be sufficient to achieve market adoption"]

See IMUX's biggest risks from its latest 10-Q →

Competitors & peers

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Fundamentals: Finnhub, as of 2026-07-13. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-07-10.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.